Poste Italiane 2004-2006 plan presented
Poste Italiane’s target is to increase its revenue from €8,100 million (2003) to around €9,700 million in 2006: the target is part of the 2004-2006 plan presented by its CEO,Massimo Sarmi, to the unions. In 2003 its market revenue increased by 4.9% (at the end of October) with Bancoposta enjoying a 12.6% increase. The new plan is aimed at “strategic and operational continuity” in relation to the 2003-2005 plan. Sarmi explained that one of the new elements of the plan is the introduction of an annual planning cycle (also known as ‘rolling’) in order to have a more suitable and flexible instrument to reach the company’s targets.
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